Trump’s Crypto Executive Director Says Government Is Looking For As Much Bitcoin As It Can Get

Whereas talking on the Digital Asunits Summit in New York on 18 March 2025, Bo Hines, US President Donald Trump’s Executive Director on Digital Asunits likened Bitcoin to Gold.

Hines introduced that the administration intends to amass “as much Bitcoin as we can get.”

“We look at Bitcoin—it’s not a security; it’s a commodity,” he stated. “It has intrinsic store of value, it’s traditionally accepted. It has the immaculate conception as there is no issuer. That’s why in the executive order, we compared it to digital gold.”

President Trump’s Executive Director for Digital Asunits @BoHines weighs in about constructing the crypto capital of the world throughout @blockworksDAS.

“We want as much (Bitcoin) as we can get.” pic.twitter.com/ykRRbpj3eU

— Torram.xyz (@Torram_xyz) March 18, 2025

Technique Founder and Chairman Michael Saylor has proven help for Hines’ feedback on buying extra Bitcoin on X. Apparently, Saylor introduced a $500m inventory sale to purchase extra Bitcoin as we speak, 19 March 2025.

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Trump Saved His Promise On Crypto Reserve: Hines

Hines insisted that Trump fulfilled his cryptocurrency-related marketing campaign pledges well timed. On 6 March 2025 Trump signed an government order establishing a crypto reserve that features Bitcoin, Ethereum, Ripple, Solana and Cardano. In keeping with Hines, the government order represents a direct fulfilment of Trump’s marketing campaign guarantees to the Bitcoin group. Throughout his marketing campaign, Trump had additionally pledged to fireside then-SEC Chair Gary Gensler. Each guarantees to the crypto group have now been realized.

Hines additionally stated that US has to proceed to construct on the Bitcoin reserve. Speaking concerning the significance of US accumulating property, he stated, “We are looking forward to working with our partners at Treasury and the Secretary of Commerce in order to define those budget-neutral ways in which we can acquire more.” Did Hines point out energetic collaboration between authorities departments to develop acquisition methods?

At present, the US has 198,109 BTC and the UK has 61,245 BTC. Apparently, publish a latest state sponsored crypto heist, the North Korean authorities presently owns a whopping 13,562 Bitcoins.

America would be the Bitcoin superpower of the world.

The Golden Age of America has BEGUN! pic.twitter.com/HUQsNYfUiP

— The White Home (@WhiteHouse) March 8, 2025

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“Budget-Neutral” Means To Buy Bitcoin

In keeping with Trump’s government order, the federal government is not going to actively buy further tokens for its common crypto stockpile. As a substitute, this reserve will consist solely of property already in authorities possession by means of confiscations and forfeitures.

Whereas the manager order specifies that the federal government will solely use “budget-neutral” means to buy Bitcoin for the strategic Bitcoin reserve, Hines clarified that this doesn’t point out a scarcity of dedication to constructing substantial reserves.

In truth, he emphasised that the first goal is to reverse the earlier administration’s method of liquidating Bitcoin holdings—a technique that reportedly resulted in over $17 billion in losses.

When questioned concerning the goal dimension for the federal government’s Bitcoin holdings, Hines supplied an easy response that reveals the administration’s formidable imaginative and prescient. He in contrast the query to asking a rustic how a lot gold it want to possess.

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Key Takeaways

The US authorities’s pivot from liquidating Bitcoin holdings to actively accumulating them marks a essential shift.

At present, the US has 198,109 BTC and the UK has 61,245 BTC. Apparently, publish a latest state sponsored crypto heist, the North Korean authorities presently owns a whopping 13,562 Bitcoins.